Fortis Bank Receives Preferred Lender Program Status from SBA
2 reports, 1 independent
Updated Wed 00:00
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What happened
Fortis Bank announced on October 14, 2026, that it received Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). This designation expands the bank's delegated authority within the SBA 7(a) lending program. The status allows the bank to offer a more streamlined lending process and faster decisions for small business owners.
From tennesseedaily.com
Why it matters
The PLP status enables Fortis Bank to provide SBA financing for various business needs, including working capital, real estate, and acquisitions. This designation allows the bank to move with greater speed and flexibility while maintaining strong credit and risk management practices.
From tennesseedaily.com